Deutsche Bank says OpenAI is heading into a tougher phase of the AI cycle this year, as a flurry of negative catalysts converge. Speaking in a CNBC interview, Deutsche Bank thematic strategist Adrian Cox says OpenAI will likely see tests in the coming months that could make or break the AI giant as the technology moves from hype to real-world deployment. “This is actually, in a way, going to be a year of disillusionment, not only for OpenAI, but for the rest of the AI trade. And that isn’t necessarily a bad thing. It’s probably a good thing that as…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
BlackRock chief executive Larry Fink says artificial intelligence will require hundreds of billions of dollars in investment and drive global growth, but warns that the buildout will not be smooth and will include major failures. In a Bloomberg interview at the World Economic Forum in Davos, Fink says he believes that there’s no uncertainty about AI driving more global growth. But he warns that AI, like any other tech cycle, will not follow a straight line up and that there will be a massive shakeout along the way. “But I sincerely believe there is no bubble in the AI space.…
The International Monetary Fund (IMF) warns that AI is affecting the job market like a catastrophe, even though it is emerging as a powerful driver of economic growth. Speaking in a CNBC interview at the World Economic Forum in Davos, IMF Managing Director Kristalina Georgieva says AI could lift global growth, but warns that its impact on jobs is arriving with overwhelming force. “Definitely, we need to recognise that AI is a major factor for economic growth. We see potential of up to 0.8% boost to growth over the next years. But it is hitting the labor market like a…
Tesla CEO Elon Musk says humanoid robots are advancing fast enough that sales to the general public could begin as early as next year, following an initial rollout inside Tesla’s factories. In an interview with Larry Fink at Davos, Musk says Optimus robots are already being used to work inside Tesla factories and are expected to take on more complex roles before expanding beyond industrial settings. “Humanoid robotics will advance very quickly. I think we do have some of the Tesla Optimus robots doing simple tasks in the factory. Probably later this year, by the end of this year, I…
Nvidia CEO Jensen Huang says tens of trillions of dollars will be required to fully realize the AI infrastructure buildout. In a new Fox Business interview, Huang says the world’s research and development budget of around $20 trillion will rotate into the “new ways of doing things” based on AI. According to Huang, the AI infrastructure buildout will likely be the largest in human history, far surpassing the railroad and the internet revolutions. “And over the course of the next 15 years, a lot of estimates come in at $85 trillion. And so, we’re going to build a lot of…
A California woman says scammers drained her life savings after she accepted what she believed was a remote job tied to Facebook’s advertising platform. The victim, 60-year-old Brentwood resident Dawn Furseth, says she was contacted after finishing a contract with a Bay Area software company and searching for new work in October, reports ABC7 News. The opportunity appeared to be a part-time remote role connected to Facebook’s ad management center. Furseth says the financial damage mounted quickly. Within roughly six weeks, she lost a total of $176,000, wiping out everything she had saved. “It just infuriated me… But learned a…
OpenAI’s Sam Altman is now looking at investors in the Middle East to help sustain the ChatGPT creator’s operations and capital expenditures. People familiar with the matter say Altman has been in talks with top investors in the region in an effort to secure a $50 billion investment for OpenAI, Bloomberg reports. The sources, who wish to remain anonymous as the information is not public, say Altman held meetings that included investors from leading state-backed funds in Abu Dhabi. A $50 billion investment would put OpenAI’s valuation between $750 billion and $830 billion. The effort to raise more funds comes…
A Wall Street strategist believes that Intel (INTC) should be valued much lower based on the tech firm’s fundamentals and outlook. In a new CNBC interview, Deepwater’s Gene Munster calls INTC a meme stock following its staggering 44% rally this month alone. According to Munster, Intel is rallying largely because of retail and social media hype and not based on fundamentals. “So at the most basic level, Intel is a meme stock. They’re going to grow 3% next year.” Munster highlights that billions of dollars in investment from the US government and Nvidia (NVDA) have breathed new life into INTC,…
Citadel CEO Ken Griffin believes that the narrative behind the potential for AI to drive massive productivity gains lacks true substance. In a new interview at the 56th Annual Meeting of the World Economic Forum, Griffin says tech firm executives are selling the dream that AI will change the world in the future to get investors to write checks worth tens of billions of dollars. According to Griffin, investments to build data centers are estimated to total a staggering $500 billion for just this year. “Data center spending in the United States this year is over half a trillion dollars……
A new analysis from the Center for Countering Digital Hate (CCDH) estimates that Grok produced millions of sexualized images that were then posted to X in less than two weeks, raising fresh concerns about safeguards around generative image tools. In a new study, CCDH says its researchers examined activity from December 29 through January 8, a window during which Grok’s image generation feature produced an estimated 4.6 million images in total. Using a random sample of 20,000 images, the group extrapolated how frequently sexualized content appeared across the wider dataset. According to CCDH, the results suggest Grok generated roughly 3,002,712…